Federated Bond Correlations

Mutual Funds . USA . 
Fund . Federated Bond Fund
FDBAX Fund  USD 8.37  0.01  0.12%   
The current 90-days correlation between Federated Bond and Elfun Diversified Fund is 0.4 (i.e., Very weak diversification). The correlation of Federated Bond is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Federated Bond Correlation With Market

Modest diversification

The correlation between Federated Bond Fund and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Bond Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Federated Bond Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Federated Mutual Fund

  0.86EMDIX Federated Emerging MarketPairCorr
  0.76QKACX Federated Mdt AllPairCorr
  0.84QKBGX Federated Mdt BalancedPairCorr
  0.81SBFIX Federated Global AllPairCorr
  0.76FRIEX Federated Hermes EmergingPairCorr
  0.96STFSX Federated StrategicPairCorr
  0.91STIAX Federated StrategicPairCorr
  0.91STILX Federated StrategicPairCorr
  0.97STISX Federated StrategicPairCorr
  0.83FRSAX Federated Floating RatePairCorr
  0.86FSBCX Federated Global AllPairCorr
  0.86FSBKX Federated Global AllPairCorr
  0.86FSBLX Federated Global AllPairCorr
  0.75QLSGX Federated Mdt SmallPairCorr
  0.73QLSCX Federated Mdt SmallPairCorr
  0.82FSGVX Federated U SPairCorr
  0.89FSHIX Federated Short-intermediaPairCorr
  0.9FSGIX Federated Gov SecPairCorr
  0.66INISX Federated IntermediatePairCorr
  0.89FSHSX Federated Short-intermediaPairCorr
  0.96FSILX Federated Short TermPairCorr
  0.96FSTIX Federated Short TermPairCorr
  0.75FSTKX Federated Mdt LargePairCorr
  0.81FSTLX Federated Mdt LargePairCorr
  0.8FSTRX Federated Mdt LargePairCorr
  0.95FSTYX Federated Short TermPairCorr
  0.8FSTBX Federated Global AllPairCorr
  0.7PIGDX Pnc International GrowthPairCorr
  0.71SVALX Federated Strategic ValuePairCorr
  0.9FTIAX Federated Short TermPairCorr
  0.72FTGLX Federated Total ReturnPairCorr
  0.69FTGSX Federated Total ReturnPairCorr
  0.72SVAAX Federated Strategic ValuePairCorr
  0.72SVAIX Federated Strategic ValuePairCorr
  0.71SVACX Federated Strategic ValuePairCorr
  0.73PIUIX Pnc International EquityPairCorr
  0.7RRFAX Federated Real ReturnPairCorr
  0.65RRFCX Federated Real ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Bond Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Federated Bond's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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